09 Mar

Optal is Re-authorised under the Second Payment Services Directive

  • Posted by Optal

Friday, 9 March 2018, London:

Optal, a world leader in optimising B2B transactions, is pleased to announce it has become one of the first UK electronic money institutions (EMIs) to be re-authorised under the EU’s Second Payment Services Directive (PSD2).

The decision by the Financial Conduct Authority (FCA) means Optal can continue its mission to revolutionise the B2B payments sector by uncovering hidden inefficiencies and streamlining processes for its business customers.

PSD2 is one of the biggest regulatory changes to Europe’s payments industry in years, and paves the way towards a Digital Single Market for the EU. Its focus is on enhancing competition, consumer protection and security, as well as extending the reach of the original Directive and bringing into scope new payment services.

It came into force on 13 January 2018, with all new and existing payment and electronic money institutions required to seek authorisation or re-authorisation.

“Part of the rationale for PSD2 is to try and level the playing field across Europe regarding harmonising how different Member States authorise firms,” explains Optal’s Head of Legal, Vicky Lloyd.

“It was a major task for us requiring a significant investment of time and resources, so we’re delighted that Optal has become one of the first EMIs to get the green light from the FCA. Reports suggest that many hundreds of other providers have yet to submit their re-authorisation applications.”

Optal’s expertise in optimising B2B payment processes helps organisations in a range of sectors —from travel to insurance — reduce costs and administrative overheads, minimise their exposure to security and fraud risks, and drive business efficiencies.


Contact details:

Bradley Eccleshare

Director of Marketing

Optal Limited

+44 (0)20 3892 4928

+44 (0)7525 929198



About Optal Ltd

Optal is re-inventing how payment processes work across complex industries.  By stripping payment processes of their customary inefficiency, Optal helps companies boost profitability across a growing number of sectors around the world.

Optal issues Mastercard branded payment products, driving its focus on developing and bringing to market, game-changing payment solutions.

For more information about Optal, visit www.optal.com

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Regulatory Information

Optal Limited is registered in England & Wales No. 5531282. 17 Moorgate, London, EC2R 6AR.

Optal Financial Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register Number: 900112) for the issuing of electronic money.

Optal Asia Limited is licensed in Hong Kong as Stored Value Facility Issuer (Licence number SVF0006), regulated by the Hong Kong Monetary Authority.

Invapay Payment Solutions Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Register Number: 631411) for the provision of payment services.

Optal Financial Limited, Optal Asia Limited and Invapay Payment Solutions Limited are wholly owned subsidiaries of Optal Limited.

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